Common use of Incurred Claim Definition Clause in Contracts

Incurred Claim Definition. For purposes of this Section 4.5, a claim or Liability is deemed to be incurred (i) with respect to medical, dental, vision and/or prescription drug benefits, upon the rendering of health services giving rise to such claim or Liability; (ii) with respect to disability benefits, upon the date of an individual’s disability, as determined by the disability benefit insurance carrier or claim administrator, giving rise to such claim or Liability; and (iii) with respect to a period of continuous hospitalization, upon the date of admission to the hospital.

Appears in 7 contracts

Samples: Employee Matters Agreement (Michigan Commerce Bancorp LTD), Employee Matters Agreement (Patriot Coal CORP), Employee Matters Agreement (Virtus Investment Partners, Inc.)

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